Commodity Prices

Gold •735 days	2,368.70	+35.30	+1.51%
Platinum •20 mins	1,603.70	+15.90	+1.00%
WTI Crude •11 mins	74.50	+0.98	+1.33%
Gasoline •13 mins	3.126	+0.023	+0.73%
Ethanol •735 days	2.161	+0.000	+0.00%
Silver •735 days	30.82	+1.16	+3.92%

Silver • 735 days	30.82	+1.16	+3.92%
Copper • 735 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	79.00	+0.98	+1.26%
Natural Gas • 11 mins	3.207	-0.005	-0.16%
Heating Oil • 11 mins	3.716	+0.059	+1.60%

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EUR/USD: Broader Consolidation Favoured

By - Jun 20, 2014, 5:55 AM CDT

EUR/USD has broken the hourly resistance at 1.3602 (10/06/2014 high). A short-term rise towards the resistance at 1.3677 (see also the 38.2% retracement) is favoured as long as the hourly support at 1.3584 (19/06/2014 low) holds. A key support stands at 1.3503. An hourly resistance now lies at 1.3644 (19/06/2014 high).

In the longer term, the break of the long-term rising wedge (see also the support at 1.3673) indicates a clear deterioration of the technical structure. The long-term downside risk implied by the double-top formation is 1.3379. Key supports can be found at 1.3477 (03/02/2014 low) and 1.3296 (07/11/2013 low).

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